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Debt covenants set a promise such as an ARR floor, specify when it is tested, and define the lender's remedy if the company misses it.

Debt Covenants for SaaS Founders: How They Work and What to Check

A debt covenant is a promise your company makes in a financing agreement, such as keeping a financial metric above a stated level, sending reports, or getting consent before taking…

October 13, 2026 • 7 min read

Recent Articles

Cybersmart Founderpath Case Study

How CyberSmart Scaled to $3M ARR Through a Pandemic, a War, and a Recession — Powered by $1.4M in Founderpath Revenue Financing

When most companies were slowing down, Jamie Akhtar, CEO of CyberSmart, was scaling up. Through a pandemic, a war that…

October 12, 2025 • 3 min read
How ContactMonkey was funded: an $800K seed round in 2012, $1M of Founderpath revenue financing with no equity (date not public), and a $55M Series A led by Updata in December 2023

How ContactMonkey Bootstrapped to $11M ARR and Secured a $50M Growth Round with Founderpath

ContactMonkey is a Toronto company that makes internal email software for employee communications, founded by Scott Pielsticker in 2010. Founderpath…

October 12, 2025 • 10 min read
Badger Maps Founderpath Case Study

How Badger Maps Grew with Founderpath: From Revenue Financing to a $4.2M Term Loan (with Lower All-In Cost)

Badger Maps helps field sales teams plan optimal routes, manage territories, and capture customer data in the field. By reducing…

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Bettercomp Series A Founderpath

How BetterComp Used Founderpath’s Non-Dilutive Capital to Power Its $33M Series A

In 2019, BetterComp set out to reinvent how compensation teams price roles and make pay decisions. By 2025, they became…

October 12, 2025 • 4 min read

How SecurityScorecard CEO Aleksandr Yampolskiy Scaled from Zero to $140 Million Revenue: The 3-Strategy Playbook That Built a Cybersecurity Empire

3 Strategies I Used To Scale SecurityScorecard to $70M ARR, 1,700 Customers, & $200M in Cash

October 8, 2025 • 8 min read

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How Chili Piper Grew to $50 Million ARR: Alina Vandenberghe's Playbook for Building the Company of the Future

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How Proposify Grew From $0 to $8 Million ARR: Kyle Racki's Hard-Earned Lessons on Surviving the SaaS Rollercoaster

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How Hootsuite Grew From Agency Tool to $400 Million Revenue: Irina Novoselsky's Gen Z-First Playbook

B2Z: A New Generation of Customers Are In Control

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